Guideline Value for M.T.H ROAD

M.T.H Road guideline value

The current guideline value of M.T.H Road in Nemilancheri village is Rs 1,870 per sq.ft, effective from 1 July 2024. This street falls under the Avadi Sub Registrar Office (SRO) and is classified as Commercial Class I Type - II.

How the guideline value of M.T.H Road has changed

Over the years, the guideline value of M.T.H Road has seen several revisions. The 2012 revision set the value at Rs 1,700 per sq.ft, which then dropped to Rs 1,139 per sq.ft in the 2017 revision. Subsequently, the 2023 revision increased it to Rs 1,700 per sq.ft, and the most recent 2024 revision raised it further to Rs 1,870 per sq.ft.

Between the revisions, notable changes occurred. From 2017 to 2023, there was a significant increase of 49%. The 2023 to 2024 revision saw a 10% rise. Overall, from 2012 to 2024, the guideline value increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Nemilancheri

Nemilancheri village has 15 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 660 to Rs 1,870 per sq.ft. The median value for these streets is Rs 990 per sq.ft, placing M.T.H Road's 2024 figure above that median.

• Mullai Nagar: Rs 660 per sq.ft (2024)
• Mahadevan Nagar: Rs 770 per sq.ft (2024)
• Padmavathi Nagar: Rs 770 per sq.ft (2024)
• P Dot G Flora: Rs 1,300 per sq.ft (2024)
• Harmony Enclave: Rs 1,650 per sq.ft (2024)
• E.V.P. Town: Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in M.T.H Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,870 per sq.ft, the total guideline value would be Rs 18,70,000. The stamp duty at 7% would amount to Rs 1,30,900, while the registration fee at 2% would be Rs 37,400, bringing the total fees together to Rs 1,68,300. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers M.T.H Road?

The M.T.H Road is covered by the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Nemilancheri

The guideline value is a crucial factor in the registration process when buying or selling property in Nemilancheri. It determines the minimum value at which a property can be registered, and it is essential for calculating the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value ensures that the sale price is not undervalued for taxation purposes. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of M.T.H Road?

The current guideline value of M.T.H Road is Rs 1,870 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,700 per sq.ft in 2012 to Rs 1,139 per sq.ft in 2017, then back to Rs 1,700 per sq.ft in 2023, and finally to Rs 1,870 per sq.ft in 2024.

What is the land classification for M.T.H Road?

M.T.H Road is classified as Commercial Class I Type - II under the Avadi SRO.

What are the stamp duty and registration fees for a property on M.T.H Road?

For a 1,000 sq.ft property, the total guideline value is Rs 18,70,000, with stamp duty at Rs 1,30,900 and registration fees at Rs 37,400, totaling Rs 1,68,300.

Which office handles registrations for M.T.H Road?

The Avadi Sub Registrar Office handles registrations for M.T.H Road, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.